Foster & Motley Inc. Increases Stake in CF Industries Holdings, Inc. $CF

Key Points

• Foster & Motley Inc. increased its stake in CF Industries Holdings, Inc. by 131.4% during the 2nd quarter, holding a total of 32,829 shares valued at approximately $3,020,000.
• CF Industries recently announced a quarterly dividend of $0.50, payable on November 28th, representing an annualized yield of 2.4%.
• Analysts have mixed ratings on CF Industries, with Zacks downgrading the stock to "hold" while Wall Street Zen upgraded it to "buy"; the stock has an average price target of $96.92.

Foster & Motley Inc. increased its position in CF Industries Holdings, Inc. (NYSE:CF - Free Report) by 131.4% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 32,829 shares of the basic materials company's stock after acquiring an additional 18,640 shares during the quarter. Foster & Motley Inc.'s holdings in CF Industries were worth $3,020,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the company. Nordea Investment Management AB increased its holdings in CF Industries by 0.8% in the 2nd quarter. Nordea Investment Management AB now owns 15,262 shares of the basic materials company's stock worth $1,395,000 after acquiring an additional 114 shares during the last quarter. Empirical Asset Management LLC bought a new position in CF Industries in the 2nd quarter worth about $575,000. Allianz Asset Management GmbH boosted its stake in CF Industries by 72.1% in the 2nd quarter. Allianz Asset Management GmbH now owns 1,728,927 shares of the basic materials company's stock worth $159,061,000 after purchasing an additional 724,329 shares during the period. NorthRock Partners LLC boosted its stake in CF Industries by 30.9% in the 2nd quarter. NorthRock Partners LLC now owns 3,972 shares of the basic materials company's stock worth $365,000 after purchasing an additional 937 shares during the period. Finally, Sequoia Financial Advisors LLC bought a new position in CF Industries in the 2nd quarter worth about $249,000. Hedge funds and other institutional investors own 93.06% of the company's stock.

Analyst Ratings Changes

Several research analysts have commented on the company. Zacks Research downgraded CF Industries from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, September 3rd. Wall Street Zen upgraded CF Industries from a "hold" rating to a "buy" rating in a research note on Friday, September 5th. Bank of America raised their target price on CF Industries from $82.00 to $83.00 and gave the stock an "underperform" rating in a research note on Tuesday, October 14th. Morgan Stanley set a $95.00 target price on CF Industries and gave the stock an "equal weight" rating in a research note on Thursday, June 26th. Finally, Royal Bank Of Canada set a $100.00 target price on CF Industries and gave the stock a "sector perform" rating in a research note on Monday, July 14th. Three investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, CF Industries has an average rating of "Hold" and a consensus price target of $96.92.

CF Industries Stock Performance

Shares of CF opened at $83.59 on Friday. The company has a market cap of $13.54 billion, a PE ratio of 10.91 and a beta of 0.93. The company has a current ratio of 3.22, a quick ratio of 2.84 and a debt-to-equity ratio of 0.38. The stock has a 50-day moving average price of $86.64 and a 200-day moving average price of $87.18. CF Industries Holdings, Inc. has a 12-month low of $67.34 and a 12-month high of $104.45.

CF Industries (NYSE:CF - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The basic materials company reported $2.37 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.35 by $0.02. The firm had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $1.73 billion. CF Industries had a return on equity of 17.10% and a net margin of 20.19%.The company's revenue for the quarter was up 20.2% on a year-over-year basis. During the same quarter last year, the company posted $2.30 EPS. As a group, equities analysts forecast that CF Industries Holdings, Inc. will post 5.83 earnings per share for the current fiscal year.

CF Industries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 28th. Investors of record on Friday, November 14th will be given a $0.50 dividend. The ex-dividend date is Friday, November 14th. This represents a $2.00 dividend on an annualized basis and a yield of 2.4%. CF Industries's payout ratio is presently 26.11%.

CF Industries Company Profile

CF Industries Holdings, Inc, together with its subsidiaries, engages in the manufacture and sale of hydrogen and nitrogen products for energy, fertilizer, emissions abatement, and other industrial activities in North America, Europe, and internationally. It operates through Ammonia, Granular Urea, UAN, AN, and Other segments.

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